Friday, December 17, 2010

DBS -- 17th Dec 10


From Oct to Nov 2010, DBS has been forming a falling wedge pattern, hitting a low of $13.70 and broke out from the formation at $13.84 on 26th Nov 2010.  It did a back test to test the breakout point at $13.84 on 16th Dec 2010 and since rebounded from there.  Expected target for the breakout is at least $14.80